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2015 New Year’s Resolutions for the Supply Chain Industry

Resolution #1 – Stop using the term VISIBILITY

People say that information is power. I beg to differ. I say, an informed decision is power. The visibility term has been over used. I’ve even heard some say that getting visibility to your supply chain is 80% of the challenge. They must not have run a supply chain. I see many supply chain leaders that have visibility, some in excel and some in automated tools. The ones that don’t have visibility can easily call the supplier and get it. Getting visibility isn’t the challenge. The real 80% challenge is “what are you doing with the visibility?”

Resolution #2 – Read only ONE “Cool Theme” report

In 2015, I resolve to read only one Cool Theme report. I’m tired of research analysts peddling these themes as a means to gain an edge on readership. Yet, I watch the audience during some of these Cool Theme presentations. And, half the people are on their smartphone working core issues back home, while the Analyst is talking about how supply chains should save the Panamanian golden frog, reduce the ozone layer, produce products with plastic wire from 3D printers and generate forecasts from Facebook posts!

Resolution #3 – Stop moaning about Bad Data

Let’s face it, everyone has some form of bad data. And, when you include all your tiered suppliers, they have bad data. The one constant is that you will never fix all the internal and external bad data. Yet, I still hear supply chain leaders say they need to focus first on fixing the data. I’ve seen many presentations from “Top 25” supply chains and how they’ve cleaned data, and why they should be considered a top tier supply chain story.

Resolution #4 – Fix the Disruption you can influence, not the Disruption you are concerned with

There are two types of disruptions. That which you are concerned with, and that which you can influence.

Volatility, regulation, geopolitics, economics, energy, and the list goes on. These are in your Circle of Concern. They happen, and you should be concerned. Yet, many supply chain leaders face fail to focus on the Circle of Influence, the area where you can make a difference.

Resolution #5 – Scrap the Talent Research, Make Planners more Productive

After reading all the Talent Research done in 2014, the topics of attrition, retiring professionals, and university-business alignment, I notice a big gap. The one thing missing in all this Supply Chain Talent research is the concept of being more productive with the talent you already have.

How can every supply chain improve productivity? In every supply chain I’ve seen in my past 25 years, there’s one constant – they all use some form of Excel – mostly to search for exceptions. Planners spend half their day dumping ERP and BI data into Excel, and then search for exceptions.

What are your resolutions? Share with us by leaving comments or contact us for a discussion.

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The Difference Between Infographics, Instructographics and Data Visualisations

Infographic is a well-known term in the marketing world, but what are data stories and instructographics? There is some debate about the differences between them all, especially when it comes to data stories, also known as data visualisations, and infographics. Whilst they hold some similarities, there are some key factors which make them quite distinct from each other.

What are infographics?

Infographics are created to tell a story about something. They can be about almost any topic, from how much plastic the world uses to what makes a successful mobile app; but they are always aimed at a specific audience. Essentially, if you have some interesting facts or data to share, infographics are the most accessible way to do it. They’re clear, look attractive and are therefore very shareable. Although your audience enjoys evergreens and blogs, remember that they often don’t have time to read the whole thing. An infographic provides a neat summary of the information they need to know, so they can be a welcome break from the walls of text they see all day, every day.

How do instructographics differ?

Instructographics usually cover a DIY task, but again, they can cover almost any topic. Just like an infographic, they have the potential to go viral and are made to look as attractive as possible. Although a well-written ‘how to’ guide can cover much more information than an instructographic, they often aren’t as visually appealing or easy to follow.

…and data visualisations?

Data visualisations are much like an unrefined infographic. They present quantifiable information and so are more likely to focus on numbers. In some cases, an entire data set is shown without editing and they rarely take a lot of handiwork to produce. They are much more likely to be generated by computer programs using algorithms, as their overall look isn’t too important.

Please leave comments below if you have opinions. You may also send us a message.